Retail    

Ollie's Bargain Outlet

 Sikeston, MO

Asking Price

$1,800,000

Cap Rate

8.00%

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Building Size (SF)

+/- 34,462

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Year Built | Renovated

1996 | 2020

Land Area (AC):

Land Area (AC)

+/- 4.53

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Population (5-Mile)

19,098

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5-Mile Avg. HHI

$70,907

For more details on this exclusive listing

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INVESTMENT HIGHLIGHTS

  • Walmart Shadow  - Compared to other Walmart stores, the Sikeston Walmart ranks in the 84th percentile in Missouri and 89th percentile nationally for visits in the last 12 months per Placer.ai.
  • Ollie's Lease  -  Gross lease expiration 5/31/2029 (5.67 years remaining) and four (4), five-year options with increases of 5% or higher at each option.
  • Excellent Traffic -  Over 30k vehicles per day on Highways 61 and 62, Hennings Road and Stallcup Drive.  Two miles from Interstates 55 & 57.
  • Strong Retail Corridor -  Other national retailers in the surrounding area include tenants such as Lowe's, Harbor Freight, CATO, Hibbett Sports, Goodwill, Tractor Supply, and Dollar Tree.
  • Extremely Accessible - Ollie's is located at the intersection of Highways 60, 61, and 62 with ingress and egress directly from Highways 60 and 61, Hennings Road, and Stallcup Drive.  Delivery access from Hennings Road or Lawrence Road.

Exclusively Listed By

Patrick Metz

Associate Vice President
  pmetz@northmarq.com      513.906.5397

Ryan Roedersheimer

Senior Vice President
  ryanr@northmarq.com      513.504.4046

In Association With:
Brett Butler

MO License #2014014142

Northmarq

1101 St Gregory St, Suite 345
Cincinnati, OH 45202


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